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Symmetries of Imperfect Competition on a Circle

Hennessy, David A.; Lapan, Harvey E. - Iowa State University of Science and Technology <Ames, … - 2006

Taking location as given, we study imperfect competition on a circular city. In Bertrandoligopoly, we identify price harmonics as a function of firm unit costs and locations. The sumof oligopoly profits is larger when costs and/or locations are more dispersed in the ‘dihedralmajorization’...

Persistent link: https://www.econbiz.de/10009360866

An Ordinal Approach to Characterizing EfficientAllocations

Hennessy, David A.; Lapan, Harvey E. - Iowa State University of Science and Technology <Ames, … - 2002

This paper examines optimal policy when agents, private investors and a government, can learn about the economy by observing others. Investors can delay investment in order to exploit future information. Importantly, investors ignore the informational value of their actions to others when...

Persistent link: https://www.econbiz.de/10009418954

Algebraic Theory of Pareto Efficient Exchange

Hennessy, David A.; Lapan, Harvey E. - Iowa State University of Science and Technology <Ames, … - 2002

We study trade patterns in a pure exchange economy where preferences are symmetric up to taste intensity parameters. In a 2-person, 2-good endowment economy, then all endowments in a particular Edgeworth box rectangle require trading out of that rectangle. Under strictly quasi-concave...

Persistent link: https://www.econbiz.de/10009418955

Testing for Symmetry and Conditional symmetry Using Asymmetric Kernels

Fernandes, Marcelo; Mendes, Eduardo F.; Scaillet, Olivier - National Centre of Competence in Research - Financial … - 2011

We derive nonparametric tests of symmetry using asymmetric kernels with either shrinkingor fixed bandwidths. We show … how to extend the approach to examine conditional symmetry byderiving conditions under which our tests are applicable to … perform well even in very small samples, entailing better size andpower properties than some of the existing symmetry tests.[...] …

Persistent link: https://www.econbiz.de/10009419009

Win-Win Partnerships in Sourcing:Empirical Evidence from Germany

Reiß, Michael; Präuer, Arndt - Betriebswirtschaftliches Institut <Stuttgart> - 2002

-win partnerships are examined on thebasis of the three structural dimensions interdependence, integration and symmetry.[...] …

Persistent link: https://www.econbiz.de/10005868443